Royse v. Kentucky Female Orphan School

Van Vant, Commissioner

Affirming.

On the 24th day of July, 1944, appellee, Kentucky Female Orphan School and appellant, Homer B. Royse, entered into a contract whereby the School leased to Royse certain premises on West Main Street in the City of Lexington for a term of ten years. The lease contained the following provision:

“Second party agrees to purchase said property at any time that first party may desire to sell same at a price of forty five hundred ($4,500) dollars and * * *”

The lease was fully complied with by both parties until the 25th day of July, 1947 when the School sold and…